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Table of contents; Basic statistics of Hungary, 2010; Executive summary; Assessment and recommendations; Hungary's economy is facing renewed market stress; Figure 1. Key indicators; Table 1. Short-term outlook; Stabilising the economy and boosting potential growth; Short-term policies to restore con...

Facilitating household deleveraging without hurting banks is the key to putting growth on a sound footingFigure 5. Corporate and household lending; Appropriate measures to support the labour market and prevent an increase in structural joblessness; Figure 6. Beveridge curve, long-term unemployment a...

Living standards can be boosted by lifting one of the lowest participation rates in the OECDFigure 7. Labour force participation rates in OECD countries; Figure 8. Employment rates of women and total fertility rates; Improving health outcomes and the system; Figure 9. Life expectancy at birth relati...

A relatively favourable fiscal position despite the economic crisisThe cyclically-adjusted deficit improved markedly since the onset of the crisis...; Figure 1.1. General government financial balances; Box 1.1. A DSGE simulation of the macroeconomic impact of fiscal consolidation in Hungary; ... alt...

The Széll Kálmán plan: a positive step towards a more sustainable fiscal consolidationTable 1.1. The Széll Kálmán plan; Long-term fiscal sustainability remains highly sensitive to economic shocks; The downward debt trajectory is highly sensitive to economic shocks; Figure 1.4. Characteristics...

Achieving more progress towards fiscal sustainability